AXISCADES Engineering extends rally on signing strategic agreement with Airbus
The stock rallied 11% to Rs 197 in early morning trade, extending its previous day's 10% surge on the BSE.
 "Water drops are pictured on an umbrella with Airbus logo during a protest in front of the Airbus facility in the northern German town of Varel")
Water drops are pictured on an umbrella with Airbus logo during a protest in front of the Airbus facility in the northern German town of Varel
AXISCADES Engineering Technologies has rallied 11% to Rs 197 on the BSE in early morning trade, extending its previous day’s 10% surge, after the company said it has signed a strategic agreement with Airbus to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers.
The services will be provided from a dedicated development centre in Bengaluru.
“Airbus on Thursday signed a strategic agreement with QuEST Global and AXISCADES to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers,” AXISCADES Engineering Technologies said in a press release.
QuEST will provide services for the Wing and AXISCADES for the Fuselage, it added.
At 09:39 am; the stock was up 6% at Rs 189 on the BSE. The trading volumes on the counter more than doubled with a combined 629,849 shares change hands on the BSE and NSE so far.
The services will be provided from a dedicated development centre in Bengaluru.
“Airbus on Thursday signed a strategic agreement with QuEST Global and AXISCADES to provide a range of critical engineering services for all Airbus aircraft programmes as tier-1 suppliers,” AXISCADES Engineering Technologies said in a press release.
QuEST will provide services for the Wing and AXISCADES for the Fuselage, it added.
At 09:39 am; the stock was up 6% at Rs 189 on the BSE. The trading volumes on the counter more than doubled with a combined 629,849 shares change hands on the BSE and NSE so far.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 02 2016 | 9:42 AM IST